AgreeYa Further Strengthens its Software Portfolio with Avake Acquisition

Software and Solutions Company Announces Strategic Acquisition of Avake Technologies Group

FOLSOM, Calif. (March 14, 2016) - AgreeYa Solutions - a leading global software, solutions and services provider with operations in eight countries—is pleased to announce the strategic acquisition of Avake Technologies Group—a Calif.-based company that offers a patent-pending, software-testing automation platform. This acquisition will not only strengthen AgreeYa’s already impressive software portfolio and advance its expansion strategy, it will also solidify the firm’s presence as an industry-leading testing service provider. Avake founders, Anuj Kanish and Ramna Sharma, will join the AgreeYa team to be part of its rapid growth plan within the testing space.

“As more and more companies adopt new technologies and cloud-based services for improved performance, product engineering and application services are becoming more imperative,” says Ajay Kaul, managing partner of AgreeYa. “Acquiring Avake supports our strategic plan to strengthen our foothold within the product engineering and application development category while also providing our clients with unparalleled testing solutions.”

According to the research firm, IDC, the independent testing and validation services market is growing faster than the IT services market. It is forecasted for a strong, compound-annual growth rate of 21 percent.

“We are excited to have found a fast-growing company like AgreeYa to take our offering to the next level of growth,” says Anuj Kanish, co-founder of Avake.

This acquisition brings a strong leadership team to AgreeYa that significantly enhances the firm’s ability to support customers’ software and solutions needs. These additions complement AgreeYa’s expertise in the financial services, healthcare, manufacturing, energy, technology and consumer verticals.

Software assets AgreeYa gained during the acquisition include the following:

About AgreeYa Solutions

AgreeYa is a global provider of software, solutions, and services focused on deploying business-driven, technology-enabled solutions that create next-generation competitive advantages for customers. Headquartered in Folsom, Calif., AgreeYa employs more than 1,400 professionals across its 15 offices in eight countries. Over the last 16 years, AgreeYa has worked with 200+ organizations ranging from public sector, Fortune 100 firms to small and large businesses across industries. AgreeYa’s software portfolio includes SocialXtend (intranet and enterprise social collaboration), VDIXtend (desktop-on-cloud), Onvelop (unified enterprise collaboration and communication suite for mobile), Edvelop (single window collaboration and communication solution on mobile for 21st century learning), Cogent (comprehensive end-to-end case management solution for collections agencies and law firms), QuickApps (award winning suite of SharePoint web parts and pre-built templates) and BeatBlip (test automation solution). As part of its solutions and services offerings, AgreeYa provides portal, content management, and collaboration on SharePoint, cloud and infrastructure, enterprise mobility, business intelligence and big data analytics, product engineering, application development and management, independent software testing, and staffing (IT and risk/compliance) solutions. For more information, visit www.agreeya.com.